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Show OP U LIBRARY XU CITY 1 V - T- -' " METAL PRICES 'T-- Gold (per oz.) . . . (34.9125 24.2c Copper 19.5c Zinc (per lb.) ur Silver (per oz.) new inined Features Minirtq, Oil, Financial VOL. 22, NO. 44 Salt Lake City, November 9, 1951 Salt Lake Exchange Registers Heavy Trading 1951 Nevada Metals. OCTOBER, Tke hrtenaatlM camtalacd la this sheet Is derive! tram searees regarded as aat gearanteed, hut believed te he cerreet. LISTED STOCKS High Bingham Metals o e e Low re-lU- xClay ton Dividends Set by Rico Argentine Sales Last Sale New Quincy xPark Utah Rico Argentine Mining Companys directors this week declared both stock and money dividends a', a result of a meeting held in Salt Lake City. The company operates mining and milling facilites in Dolores County, Colorado and for the , . xCons. Eureka. Crescent Eagle Oil xCroft .... ' Crown Point XDragon ,E. Crown Point . xProsper Mng. xRico Argentine . . . . xRoyston Coaln . . xSilver King Coaln xSilver King West . . xSilver Shield xSilver Standard .. , East Standard E. Tin. Coal n. East Utah xEmpire Mines ." Eureka Bullion xEureka Lilly Con Eureka Mines xEureka Standard 7. Gold Chain xGrand Dep." Great Western xHorn Silver xHowell Indian Queen Kennebec' ..... .... . ... ............. ......... ................ i .;.... .. past number of years hail been controlled by the J. A. Hogle interests. A 10 stock dividend, amounting to 80,000 shares, will be paid Dec. 21 to stockholders of record Nov. 21. Based on a current market value of (3 per share, this payment represents a disbursement Plutus ...... . xKentucky-Uta- h . . . Pioche Bristol xComet Coalri xCommonwealth Lead . SALi Oil Securities Park Bingham xPark City Con. Park Konold . Park Nelson . xBullion ... ... : So. Iron Blossom So. Standard . . . . too of (240,000. . At the same time, the directors announced a 10c per share dividend would be paid. The record and pay date are the same as for the dividend. This is the second 10c dividend the Colorado mining firm, controlled by the J. A. Hogle interests here, has paid this year. Five cents per share was paid in dividends in 1950. I M M II Swansea Con. Tar Baby 90.16c One Year $2.50 xNevada Monarch No. Standard . xColb. Rexall xCombined Metals 19c Leacl (per lb.) . . .s . . xTintic Stand Union Chief Utah Con. . xUtah Ida. Sug. Pfd. Sherman B. Hinckley, president and general manager of the 38600 , ..04 05 xWestern Alloys said that the stock and firm, .04 04 ;h30v ;::.04 West Toledo dividends were possible money A.r ??' ..... l Wilbert now Rico Argentine - had that . 4000 .03 . .03 xYankee Con. ... ,03 more than (1,000,000 in "net, .03 .8000 .03 . Zuma '03 quick assets. UNLISTED STOCKS He reported that the firm had v xAmal: Sugar Pfd. ... completed a 40 per cent increase xUtah Fire Clay in capacity of its mill at Rico, Moscow 177 ... .... xUtah P. & L. Com. Colo., and now is engaged in the ... 10 Mt, States Dev. ..... ..... L , xZ. sale of iron pyrites to uranium-vanadiuxMountain View OS. Value Dollar , (229,158 Traded 1,685,496. Total Shares companies operating xMono Kearsarge . on the Colorado xlndicates companies. plateau. These operating xNaildriver firms use the pyrites to make sulphuric acid. Rico now is engaged in a research program on manufacture of sulphuric acids from "mil-ioof tons of pyrites on the firms property. The company's lead concenPark Utah Consolidated Mines Company reported net intrates are shipped to the Midmonths ending ' vale smelter of United States A flow of 7,000,000 cubic feet come, before depletion, of (93,702 for the nine Another important discovery Smelting 1951. Refining and Mining of gas daily has been gauged at September 30, is to of believed that uranium, thiid the quarCompany. Zinc concentrates go the Utah Fuel Company No. 1 This compares wih net in- heavy during to most next to the be the Black Eagle smelters of ter. important wildcat discovery well on the come of (34,537.49 for a simAnaconda Copper Mining Co. in Clear Creek structure in Carbon ilar period in 1950. The Park Total income of the Park City the Colorado plateau, has been Montana. three quarH. H. closed the first out were on for Allen, made near the general City operations County, firm, plains superintendent for Byrd - Frost down for some time during 1950 ters, amounted to (1,373,515, Lusk, Wyoming. The property and total operating expenses is as a result of a strike. Inc., operators, said today. operated by the Wyoming affected Mr. Allen said the gas tested y strike were (1,231,608. An eight-da' Uranium Corporation and has 910 BTU per cubic foot which earnings during the third quarOre sales amounted to Week ending Nov. 2, 1951 and income from invest- been opened during the past few he termed "very, very good ter of this year, according to Bingham District, Utah months. Recently five cars, of gas. He said the well is making vice president and general man- ments (14,578. Combined Metals Reduction the of costs of two to dunces one Mine operating heavy ager, Paul H. Hunt. uranium ore has been shipped 275 U. S. Co., 15 tons; the minutes mud in Net iniome at the end of the firm were (1,121,002 for drilling from surface workings to the Co., 5413 tons; Utah Smelting Taxtothat indicated said 1951. Copper which he first nine months of first six months of this year, ton cars most of the fluid had been taled (123,913. That is (20,210 es and administrative costs to- Vitro Chemical Company plant (Kennecott), 1002-8- 5 at Salt Lake City. The ore oc- daily average. "blown out rof the formation more than net for the first nine taled (92,161. comof the gas. curs principally as uranophane Eureka District, Utah months of this year. by the pressure Current,. assets of the The well is being cleaned out Chief Consolidated, ore 20 Mr. Hunt said that develop- pany increased (142,558, from and the uranium content is by alternately opening and clos- mental and exploration ex- (1,331,598 on Dec. 31, 1950 to about .25 to .30 per cent U308 cars; Dragon Cons., clay 26 ing the valve at the surface, penses also were particularly (1,474,157 on Sept. 30, 1951. e car of ore is cars; Empire Mine, dump 1 One the increased gas underground liabilities Current permitting car; North Lily, ore 1 car. fuen route date. The this at it before to build over to up pressure (207,505 from (142,849 Park City District, Utah Views Differ on h ture of this property as a uraniis blown out by opening a the same period. New Park Co., 1636 tons; valve at the surface. Mr. Alaskan Development: Net working capital rose um producer will depend on the Park Utah, 1054 tons. Allen emphasized that the opAlaska Secretary from (1,327,790 to (1,428,234. JUNEAU, Pioche District, Nevada possibility of developing ore at eration was necessary to clean- of Interior Chapmans proposed Mr. Hunt said that regardless depth. This large surface de Combined Metals Reduction Co. pro- of a 2c increase in the price of ing the well and. was in the best "gigantic development is opened on a small hill 25 posit Concentrates, cars; Lead interests of conservation. for Alaska, which the cab- lead and zinc, future cost of and the same formation contin- Concentrates, 8 cars; gram Perlite, After being closed down for inet officer urged upon Con- mine labor possibly would wipe ues in both directions from 29 cars. 15 minutes pressure at the bot- gress, is meeting with mingled out any income advantage to where the surface Bristol Silver, Silver - lead shipments are tom of the hole measures 1100 reactions from Alaskans. the firm. 1 car. made. ore, being pounds per square inch. Surface Some were enthusiastic, pointWork on the new three-coJ. A. Hogle St Co.) (Courtesy n O. Charles Parker, h line Ontario the pressure when the in a shaft program partment ing out that such engineer and assayer of is opened measures 120 pounds would been has mine of Moe: "They tell me that Prof, the federal section expand greatly Denver, is president of Wyo. per square inch. ' in cost teritems the one the of in and biggest and Uranium Laity gives a Company, ming The well is producing from activity Therespending this course in Cultural History. who enwere others the are associates his operations and he companys the Ferron sandstone between ritory. said. diamost he to of Joe: Thats right. Everything to AEC the different have date, held views, year deavoring 4692 and 4761 feet. should shaft not 5 No. new This this mond that it suggested drill given during 4he semester is very interesting Mr. Allen said future devel- - them declaring of end included the in the final of occurrence marvelous be this increased federal encroachment completed .by advised. Hunt metal. 1951, Mr. Continued on Page 2 upon Alaska. .. KeystohJ ... k Lakeside Monarch xLeonora .. xLittle May Madison Mines xMagnolia Lead i' ... , , Mammoth .'.a........ , .'Miller Hill xMiners Gold V ictor Con. ................ . ... ... ........ ....,............ .......... V 4 . . ..... ...... . C.-M- . m I Uranium Find. Made In Wyoming Park Utah Records Gain in Net Income Clear Creek Well: Gets Gas Flow ns . Ore Shipments - (1,-356,4- 69 . . . . high-grad- two-inc- m well-know- two-inc- . well-rounde- y a I . i i t. i! VH n j, . .1 d' . |